BankeNu is a blockchain-based remittance platform, developed by Berlin-based entrepreneur Roham. The company aims "to enable displaced or financially underserved small business owners and freelancers to make secure and transparent money transfers." In order to bring the project to life, Roham relied on much support, research, and collaborations—notably with Techfugees (an open-source and open-data platform that responds to the needs of refugees).
WIth BankeNu, individuals can safely and efficiently transfer money from any place; they can also exchange crypto money into local currency. About the service, Roham shared with Techfugees: "There are millions of displaced people and refugees who make millions of remittances yearly. Many of them are doing it via informal ways or even illegal, and we at BankeNu are going to make it transparent and secure."
Last year, BankeNu was working on implementing transfer permissions from Germany to Iran and Lebanon.
Image Credit: BankeNu